HCL Securities Limited - Accounts to registrar (filleted) - small 18.2

HCL Securities Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 08027883(England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

HCL SECURITIES LIMITED

HCL SECURITIES LIMITED (REGISTERED NUMBER: 08027883)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HCL SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTORS: D A Hipkiss
A E Lea
B P Michell
S Brueton



REGISTERED OFFICE: 1 Church Road
Brewood
Staffordshire
ST19 9BT



REGISTERED NUMBER: 08027883(England and Wales)



ACCOUNTANTS: Blackthorns
Chartered Accountants
Blackthorns House
80-82 Dudley Road
Lye
Stourbridge
West Midlands
DY9 8ET



BANKERS: Lloyds Bank PLC
Queen Square
Wolverhampton
West Midlands
WV1 1RF

HCL SECURITIES LIMITED (REGISTERED NUMBER: 08027883)

BALANCE SHEET
31 DECEMBER 2019

31.12.19 31.12.18
Notes £    £    £    £   
FIXED ASSETS
Investments 5 372,341 372,341

CURRENT ASSETS
Debtors 6 - 35,703
Cash at bank and in hand 20,528 52,799
20,528 88,502
CREDITORS
Amounts falling due within one year 7 1,200 78,137
NET CURRENT ASSETS 19,328 10,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,669

382,706

CAPITAL AND RESERVES
Called up share capital 8 400 400
Retained earnings 391,269 382,306
SHAREHOLDERS' FUNDS 391,669 382,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2020and were
signed on its behalf by:



B P Michell- Director


HCL SECURITIES LIMITED (REGISTERED NUMBER: 08027883)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019


1. STATUTORY INFORMATION

HCL Securities Limited is a private company, limited by shares, registered in England and Wales, registered
number 08027883. Its registered office is 1 Church Road, Brewood, Staffordshire, ST19 9BT.

The financial statements are presented in Sterling, which is the functional currency of the company.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain
financial assets and liabilities measured at fair value through profit or loss.

Preparation of consolidated financial statements
The financial statements contain information about HCL Securities Limited as an individual company and do not
contain consolidated financial information as the parent of a group. The company is exempt under Section
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and
Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HCL SECURITIES LIMITED (REGISTERED NUMBER: 08027883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


3. ACCOUNTING POLICIES - continued

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being
estimated where such indicators exist. Where the carrying value exceeds the coverable amount, the asset is
impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an
individual asset. an estimate is made of the recoverable amount of the cash-generating unit to which the asset
belongs. The cash-generating unit is the smallest indentifiable group of assets that includes the asset and
generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition
date, allocated to each of the cash-generating unites that are expected to benefit from the synergies of the
combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3(2018 - 3) .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2019
and 31 December 2019 372,341
NET BOOK VALUE
At 31 December 2019 372,341
At 31 December 2018 372,341

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Other debtors - 35,703

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Taxation and social security 300 353
Other creditors 900 77,784
1,200 78,137

HCL SECURITIES LIMITED (REGISTERED NUMBER: 08027883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.19 31.12.18
value: £    £   
NIL A Ordinary £1 - 360
12 B Ordinary £1 12 40
360 Ordinary £1 360 -
12 C Ordinary £1 12 -
12 D Ordinary £1 12 -
4 E Ordinary £1 4 -
400 400